#Japan #Tokyo #SCSK #Mitsui Sumitomo Trust Bank #OneSpan

Introduction

In a rapidly evolving digital landscape, financial institutions are facing unprecedented challenges related to cybersecurity and user authentication. On November 17, 2025, Mitsui Sumitomo Trust Bank, based in Tokyo, will launch a new internet banking application developed by SCSK Corporation, also headquartered in the same city. This state-of-the-art app aims to significantly enhance security and convenience for users, addressing the growing threats posed by cybercrime, particularly phishing scams.

A Focus on Cybersecurity

Cybersecurity is increasingly paramount in today’s financial services sector. Reports indicate that in the first half of 2025, losses from unauthorized fund transfers through internet banking amounted to a staggering 4.2 billion yen. As the demand for stricter security guidelines rises, so does the sophistication of cybercrime tactics. Recognizing this, SCSK has incorporated OneSpan Inc.’s cloud authentication solution—OneSpan Cloud Authentication (OCA)—to bolster security. This innovative solution eliminates dependency on passwords, utilizing biometric authentication and advanced FIDO standards, providing a user-friendly yet secure experience.

Features and Benefits of the App

This internet banking application not only focuses on user convenience but also on heightened security. Implementing FIDO authentication technology allows users to conduct various transactions safely. Historically, FIDO has been associated with initial logins, but SCSK has pushed the envelope by applying this advanced authentication model to specific transactions within the app. The result is a highly secure platform for financial dealings, tailored to the evolving needs of the users.

Partnership Strengths: SCSK and OneSpan

SCSK possesses over ten years of experience in developing banking applications tailored for financial institutions. The collaboration with OneSpan began in 2012 and has fostered a robust partnership that ensures seamless provision of both hardware and software solutions. OneSpan has been at the forefront of authentication since joining the FIDO Alliance board in 2015, effectively merging security with user convenience. Together, these two companies set a new standard for digital banking security.

OneSpan's Commitment

Victor Limongelli, CEO of OneSpan, expressed pride in the collaboration between SCSK and Mitsui Sumitomo Trust Bank. The commitment to establishing new standards in digital security and customer information protection reflects the evolving expectations of the financial industry. This project showcases both companies' dedication to providing innovative, user-centric solutions in an increasingly complex security landscape.

Future Outlook and Vision

SCSK aims to leverage its extensive knowledge acquired through various banking app developments to adapt its offerings according to customer demands. The company is committed to enhancing security measures through advanced technologies, such as the FIDO authentication methods provided by OneSpan. As cyber threats continue to escalate, SCSK will remain proactive in ensuring safe and secure financial transactions for its customers.

About SCSK Corporation

SCSK Corporation offers a comprehensive suite of IT services, including consulting, system development, and IT management. The company embraces a philosophy of co-creation, addressing social issues to foster sustainable growth. With a focus on enhancing security and convenience, SCSK strives to create a better future for its customers and society at large.

About OneSpan

Recognized globally for its expertise in digital security, OneSpan is trusted by numerous financial institutions worldwide. With over 60% of the world's leading banks utilizing OneSpan solutions for securing digital accounts and preventing fraud, the company is a partner of choice for ensuring high security standards and compliance across digital transactions.

Conclusion

This new app symbolizes a significant step forward for Mitsui Sumitomo Trust Bank and showcases the collaborative spirit between SCSK and OneSpan. As financial institutions face mounting pressure to enhance security while preserving user convenience, this innovative solution might just be the answer the industry has been searching for.